Different Bridgewater investors are seeing different permutations
of that negative performance, since the mega hedge fund creates
variations of the strategy for its investors.

For instance, one Bridgewater investor was down 4.6% in its Pure
Alpha strategy for June and 7.5% year-to-date, according to a
person familiar with the matter.

It's unclear exactly how Pure Alpha performed after the Brexit
news last month, though some of its holdings may have helped, the
person said.

Pure Alpha was short the British pound, which helped the strategy
after the Brexit shock, but was also long European and Japanese
equities, which declined, the person said.

Ryan Fitzgibbon, a spokesperson for Bridgewater at external PR
firm Prosek Partners, declined to confirm the figures or comment.

It's unclear how much money Bridgewater has lost this year,
especially since the firm's All Weather fund, another popular
strategy, is up about 10% over the same period, according to The
Journal and Institutional Investor reports.

However, Bridgewater has recently seen a slide in assets. A
regulatory filing shows that last year, the firm's assets
dropped from $169 billion to $152 billion.

To be sure, the hedge fund still trounces its competitors in
size. Public pensions, some of the industry's biggest backers,
are more likely to be invested in Bridgewater than any other
hedge fund, according to data tracker
Preqin.